credit card

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A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's promise to the card issuer to pay them for the amounts plus the other agreed charges. The card issuer (usually a bank) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance.
A credit card is different from a charge card, which requires the balance to be repaid in full each month. In contrast, credit cards allow the consumers to build a continuing balance of debt, subject to interest being charged. A credit card also differs from a cash card, which can be used like currency by the owner of the card. A credit card differs from a charge card also in that a credit card typically involves a third-party entity that pays the seller and is reimbursed by the buyer, whereas a charge card simply defers payment by the buyer until a later date.

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    NSW Low credit rating credit card

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  2. W

    NSW Credit card addback on balance sheet

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  3. J

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  4. N

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  5. T

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    WA Caught at Self-Checkout for Theft at Coles - Help?

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  7. J

    WA Outstanding Credit Card Debt from 2014 - What to Do?

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  9. M

    VIC Go to VCAT to Get Payments from Online Vendor Refunded?

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    WA Settlement of Credit card debt

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